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CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION *BACK Following are selected balance sheet accounts of Whispering Bros. Corp. at December 31, 2020 and 2019,
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION *BACK Following are selected balance sheet accounts of Whispering Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information Selected balance sheet accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation plant assets 2020 $34,300 277,800 2019 $23.700 248.000 (168,500) Increase (Decrease) $10.600 29,800 (11,300 (179.800 ) Liabilities and stockholders' equity Bonds payable Dividends payable Common stock, Si par Additional paid-in capital Retained earnings 2020 $ 48,900 8,100 21,900 9.100 103,300 2019 S45,900 5,000 19,200 2,900 Increase 53.000 3.100 2.700 6.200 12 700 90.600 Selected income statement information for the year ended December 31, 2020 Sales revenue $153,700 Depreciation 37,900 Gain on sale of equipment 14,300 Net income 31,000 Additional information: 1. During 2020, equipment costing $44.700 was sold for cash 2 Accounts receivable relate to sales of merchandise 3. During 2020 $20,000 of bonds payable were issued in exchange for property, plant and equipment. There was no amortization of bond discount or premium Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. Activity (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. 7 $ (c) Cash dividends paid. y $ (d) Redemption of bonds payable. V $ Click If you would like to show Work for this question. Onen Show Work
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